What are the basics of a deed?

A deed transfers the title of an asset to a new owner, and it is usually recorded in the local county clerk's office. Recording is a way to protect title and ownership because it puts the public on constructive notice as to the buyer's ownership.

Washington Quit Claim Deed

Category:

Real Estate - Deeds - Quitclaims

State:

Multi-State

Control #:

US-03130BG

Format:

Instant download

Description

A deed is an instrument by which an owner (the grantor) transfers an interest in land to a new owner (the grantee). No consideration is required to make the deed effective. The deed is necessary to transfer title to land even if it is a gift. It has no effect, and title does not pass until the deed has been delivered. The recording of the is not required to make the deed effective to pass title between the buyer and the seller. However, recording is necessary so that the public will know that the buyer is the present owner.

A quitclaim deed transfers whatever interest, if any, a grantor may have in the property, without specifying the interest in any way. No warranty of ownership is given. This type of deed is commonly used to clear title to property. A warranty deed transfers a specified interest and warrants or guarantees that this interest is transferred. The grantor warrants that the title is good, that the transfer is proper, and that there are no liens other than stated in the deed. The grantee can sue if the warranty is breached.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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How to fill out Quit Claim Deed?

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FAQ

Quit claim deeds are commonly used for gifts, divorces, transfers to/from a trust or LLC, or in other situations where little or no money is changing hands. A quit claim deed should generally not be used when a buyer is paying significant money because it offers no warranty of title whatsoever.

A Washington deed is used to transfer the ownership of property from a grantor, or ?seller,? to a grantee, or ?buyer,? in the State of Washington. This form is usually completed after a purchase and sale agreement has been authorized and a deed transfers the actual property.

A Washington, D.C. quitclaim deed is a document allowing a property's owner (grantor) to transfer property to a new owner (grantee) without guaranteeing the title. This works best when the two parties know and trust one another, such as when adding a spouse to a deed or transferring property within the same family.

A gift deed typically transfers real property between family or close friends. Gift deeds are also used to donate to a non-profit organization or charity. The deed serves as proof that the transfer is indeed a gift and without consideration (any conditions or form of compensation).

Recording a Deed Any Deed (that is, the document evidencing the transfer of real property) is required to be recorded in the County Auditor's Office of the county in which the real property is located.

A deed transfers the title of an asset to a new owner, and it is usually recorded in the local county clerk's office. Recording is a way to protect title and ownership because it puts the public on constructive notice as to the buyer's ownership.

Essential Elements of a Valid Deed Use of the proper statutory form of deed. Competent parties: grantor and grantee. Words of grant or operative words of conveyance. Sufficient description of the property to be conveyed. Proper execution. Delivery and acceptance.

The basic requirements for a deed in Washington are simple: it must be in writing, contain a legal description of the property, be signed by the grantor, and the grantor's signature must be notarized.